Weather here at Bradfield is back to the gloom again, grrrrrrrrr.
TECHNOLOGY, JANUARY 4, 2012, 2:17 P.M. ET, Kodak Preparing for Chapter 11 Filing. – Eastman Kodak Co. is preparing for a Chapter 11 bankruptcy-protection filing in the coming weeks should efforts to sell a trove of digital patents fall through, people familiar with the matter said.
The struggling photography icon, which employs about 19,000 people, is in discussions with potential lenders for around $1 billion in so-called debtor-in possession financing that would keep it afloat during bankruptcy proceedings, the people said. A filing could occur as soon as this month or early February, one of the people said.
A Kodak spokesman said the company “does not comment on market rumor or speculation.”Should Kodak seek Chapter 11 protection from creditors, the company would then try to sell its portfolio of 1,100 patents through a court-supervised bankruptcy auction, the people said. Kodak would continue to pay its bills and operate normally while under bankruptcy protection, the people said. Read more:
It will come as no surprise to most people that this has happened. The ubiquitous of digital cameras and mobile phones with camera make this inevitale for Kodak. In fact, why it took so long, one may well ask.The self evident truth is that anything that can be digitised will be digitised and, most importantly, it will be distributed via the Internet backbone.
Any legacy industries that would not, will not or can not change or adapt will be swept aside and commoditised. That is why the #NBN is so important for the future of Austalia and a reaction like this from our leading politician is so appalling for its shortsightedness and politiking:
Broadband project is white elephant: Abbott, Jessica Wright, January 4, 2012 – THE Gillard government’s $36 billion national broadband network project is one of the ”great all-time white elephants” and a massive waste of public funds, the Opposition Leader, Tony Abbott, said. Mr Abbott was responding to revelations that only 4000 households had been connected to the network so far, with just 2315 of those using the NBN’s fibre optic cables for communications – numbers which were grossly down on the NBN Co’s projection of 35,000 connections for 2011.
But the government-owned company has hit back at criticisms of the connection figures, with an NBN spokesman telling the Herald yesterday that arguments about low sign-up numbers were ”academic” and that the company was not ”fazed” by Mr Abbott’s comments.”When the old copper wires are decommissioned, every home and business in the country will receive phone and internet
services over the NBN,” the spokesman said. ”What 2011 was about was putting the building blocks in place: building test sites, signing up construction companies and finalising the deal with Telstra for access to their infrastructure rather than having to spend taxpayers’ dollars replicating it.” Read more:
The #NBN is simply a piece of nationwide infra-structure that we had to have.
G’Day to ALL Print Newspapers anyone? Adios Rupert.